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PAGER/SGML Page 1 of 4 Use rid: Filed: I1098.SGM Leading adjust: 0% (31-Oct-2001) Instructions for Form 1098 Draft (Unit. & date) Ok to Print 12:03 — 31-OCT-2001 The type and rule above prints on

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What is instruction 1098 rev?

Instruction 1098 rev is a specific set of guidelines provided by the IRS for reporting certain types of income on Form 1098.

Who is required to file instruction 1098 rev?

Financial institutions, mortgage lenders, and other entities that receive certain types of payments during the year are required to file instruction 1098 rev.

How to fill out instruction 1098 rev?

To fill out instruction 1098 rev, you will need to provide information such as the name, address, and taxpayer identification number of the payer, as well as the amount of interest received or paid during the year.

What is the purpose of instruction 1098 rev?

The purpose of instruction 1098 rev is to accurately report the amount of interest income or mortgage interest paid during the year, which may be deductible for tax purposes.

What information must be reported on instruction 1098 rev?

Information reported on instruction 1098 rev includes the payer's name, address, taxpayer identification number, and the amount of interest paid or received during the year.

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